Ringle, Wisconsin Property Taxes
The median property tax rate in Ringle, WI is 1.28%, which is higher than the national median of 0.99% but lower than Wisconsin's state median of 1.58%. With the median home value in Ringle at $217,327, the typical annual property tax bill is approximately $2,855, surpassing the national median of $2,690. Property taxes in Ringle are calculated based on the tax assessed value, which is often below the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Ringle's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Ringle or another part of Marathon County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ringle, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$2,782
$2,581
Ownwell’s Ringle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ringle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ringle to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Ringle, Wisconsin
Property taxes in Ringle, Wisconsin, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Ringle is 1.28%, which is notably higher than the U.S. national median of 0.99%. Local government entities within Ringle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ringle estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Ringle's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54471 has the highest median property tax rate of 1.28%, while the lowest median tax rate is also 1.28% in the same zip code. Understanding how these cities compare with Ringle provides valuable insights into the varying tax landscape across Marathon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ringle Tax Rate
1.28%
Average Marathon County Tax Rate
1.64%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ringle, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54471 | 1.17% | 1.22% | 1.28% | 1.53% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Ringle, Wisconsin
In Ringle, Wisconsin, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Marathon County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Ringle, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Ringle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Ringle is $2,855 in the 54471 zip code, while the lowest is also $2,855 in the same zip code.
Average Ringle Assessed Value
$217,327
Average Marathon County Assessed Value
$164,200
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ringle, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54471 | $41,773 | $152,031 | $217,327 | $291,778 | $412,256 |
Source: Ownwell
Property Tax Bills Across Ringle, Wisconsin
In Ringle, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the Marathon County assessor's office, which evaluates the market value of properties. This value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Ringle, the median home price is $217,327. Property tax bills can vary significantly, with the 25th percentile tax bill being $1,904 and the 75th percentile reaching $4,151. At the 90th percentile, tax bills can be as high as $5,542. These amounts are notably higher than the national median property tax rate of 0.99%. The highest and lowest median tax bills in the area are both $2,855, found in the zip code 54471. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan accordingly.
Average Ringle Tax Bill
$2,855
Average Marathon County Tax Bill
$2,706
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Ringle, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54471 | $581 | $1,904 | $2,855 | $4,151 | $5,542 |
Source: Ownwell